All slings shall be manufactured under ASME B30.9 guidelines and must have an affixed permanent identification tag that includes:_______

a. Name or trademark of the manufacturer
b. WLL for given type of hitch and configuration
c. Type of material
d. All of the above

Answers

Answer 1

Answer:

All of the above

Explanation:

All slings must have an affixed permanent identification tag that includes; The name or trademark of the manufacturer, WLL for the given type of hitch and configuration, and also the type of material used for the production of the sling. although there are many slings in the market but slings can be categorized into three recognized categories which are ; synthetic,chain and wire rope.

ASME B30 is charged with the responsibility for the Safety and Standard for Cableways, Cranes, Derricks, Hoists, Hooks, Jacks, and Slings. so they ensure that an affixed permanent identification tag is attached to products as well.


Related Questions

To reach the maximum money​ multiplier, it is assumed that A. there is insufficient loan demand. B. commercial banks keep excess reserves. C. loans are diverted into circulating currency. D. all loans get redeposited in a checkable and debitable account.

Answers

Answer:

D. all loans get redeposited in a checkable and debitable account.

Explanation:

The money multiplier refers to the amount i.e to be generated by the bank so that it could able to generate maximum reserves.

It is to be calculated below:

Money multiplier = 1 ÷ reserve ratio

Also it shows a direct relationship between the supply of money and the reserves

Therefore the appropriate option is d.

You are considering an investment in software company. The beta of software companies is 1.5. The annual risk-free rate is 2% and the annual market premium is 8%. The expected annual profit from the software subscription is $100,000 and it is expected to grow at the rate of 6% per year. What is the maximum price you are willing to pay for the company? A. $1,370,925.78 B. $1,250,000.00 C. $1,123,221.12 D. $908,153.55

Answers

Answer:

Maximum price = $ 1,325,000  

Explanation:

The maximum price to be paid for the company is the present value of the annual profit discounted at the rate of return on equity.

The return on equity can be calculated using the capital asset pricing model (CAPM)

Under CAPM,

E(r)= Rf + β(Rm-Rf)

E(r)- expected return, Rf-risk-free rate , β= Beta, Rm= Return on market.

Using this model, we can work out the value of beta as follows:

Ke= ?., Rf- 2%, Rm-Rf - 8%

Ke- 2% + 1.5× (8%)= 14 %

Price for the company can now be determined using the present value of the perpetuity formula with growth as follows:

The model is represented below:  

P = A ×(1+g)/ ke- g  

DATA

A- 100,000

g- 6%

ke- 14%

Price =  100,000× (1.06)/(0.14-0.06)= $ 1,325,000  

Maximum price = $ 1,325,000  

Prepare journal entries to record the following four separate issuances of stock. A corporation issued 7,000 shares of $20 par value common stock for $168,000 cash. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $34,000. The stock has a $1 per share stated value. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $34,000. The stock has no stated value. A corporation issued 1,750 shares of $25 par value preferred stock for $77,750 cash.

Answers

Answer: Please see explanation column for answer

Explanation:

1. For shares issued in excess of par value common stock

Amount                          Debit                           Credit

Cash                            $168,000

Common stock  at $20 ( 7000 x 20)              $140,000

Paid in excess of par value common stock

(168,000 - 140,000)                                          $28,000

2. For shares issued to Promoters at stated value

Amount                                    Debit                             Credit

Organisational expenses       $34,000

Common stock  at $1 ( 3,500x 1)                               $3,500

Paid in capital in excess of stated value

common stock(34,000 - 3,500)                               $30, 500

3. For shares issued to Promoters at no stated  value

Amount                                               Debit                    Credit

Organisational expenses                $34,000

Common stock  at $1 no par value                               $34,000

4.For shares issued in excess of par value preferred  stock

Amount                          Debit                                  Credit

Cash                              $77,750

preferred  stock  at $25(1,750 x 25)                         $43,750

Paid in capital in excess of par value

Preferred stock(77,750 -43,750)                               $34,000

What are the benefits and risks associated with social networks? Support your answers with relevant examples

Answers

Answer:

Explanation:

There are many benefits as well as risks to social networks. The greatest benefit is that they allow us to connect with individuals from anywhere in the world, at any distance, and in a seconds notice. This is incredibly powerful and opens the door for many opportunities in all types of markets. Social networks also come with risks, since everyone is on it people tend to share all of their information which can cause problems for that individual if it falls into the wrong hands. For example, an individual connects with a family member who lives in Brasil and has casual conversations with that family member every other day. A hacker may be able to access that information and extract all the valuable information needed to steal that individual's identity.

The Drogon Co. just issued a dividend of $3.05 per share on its common stock. The company is expected to maintain a constant 6.3 percent growth rate in its dividends indefinitely. If the stock sells for $61 a share, what is the company’s cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

11.62%

Explanation:

Drogo corporation issued a dividend of $3.05 per share

The growth rate is 6.3%

= 6.3/100

= 0.063

The stock is sold at a price of $61 per share

The first step is to calculate the estimated dividend for the next year

= $3.05×(1+0.063)

= $3.05×(1.063)

= $3.24215

Therefore, the company's cost of equity can be calculated as follows

Po= Div1/r-g

61= 3.24215/r-0.063

r-0.063= 3.24215/61

r-0.063= 0.05315

r= 0.05315+0.063

r= 0.1162×100

r= 11.62%

Hence the company's cost of equity is 11.62%

Abby had a checkbook balance of $1,002.45. She paid $76.98 to the electric company and $254.34 to the water company. What is Abby’s current checkbook balance?

Answers

Answer:

$671.13

Explanation:

Abby had a checkbook balance of $1,002.45

$76.98 was paid to the electric company

$254.34 was paid to the water company

Therefore the current checkbook balance can be calculated as follows

=$1,002.45-($76.98+$254.34)

= $1,002.45-$331.32

= $671.13

Hence Abby's current checkbook balance is $671.13

A 20​-year-old woman wants to purchase a ​$100​,000 ​one-year life insurance policy. What should the insurance company charge the woman for the policy if it wants an expected profit of ​$50​?

Answers

Answer:

Hello some parts of the question is missing here is the missing part

Age          probability of female death

20              0.00060

30              0.00070

40              0.00095

50              0.00300

Answer : $110

Explanation:

Given that the woman is 20 years of age and wants to buy one-year life insurance policy the insurance company would have to charge her considering the probability of female death within 20 years of age

expected profit for insurance company = $50

cost of insurance = $100000

For the company to make a profit of $50 we make use of this relation

x * ( 1 - probability of female death at 20 ) - ( cost of insurance - x ) * probability of female death at 20  = 50

= x *( 1 - 0.00060 ) - ( 100000 - x ) * 0.00060 = 50

= x* ( 0.9994 ) - (60 - 0.00060 x ) = 50

= 0.9994 x - 60 + 0.00060 x = 50

hence x = 50 + 60 = $110

Florida Curtain Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 60% of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 20% of sales and are paid during the month of sale. Other operating costs amounting to 25% of sales are to be paid in the month following the month of sales. Sales revenue is forecasted as follows:
Month Sales
February $440,000
March $450,000
April $480,000
May $500,000
June $510,000
What is the amount of fabric purchases during the month of March?
a. $480,000.
b. $336,000.
c. $288,000.
d. $300,000.

Answers

Answer:

Florida Curtain Works

1. Fabric purchases during the month of March:

c. $288,000.

Explanation:

a) Data and Calculations:

                Month Sales     Cost of Sales  Purchases     Wages  Others

February    $440,000       $264,000       $270,000    $88,000

March        $450,000          270,000         288,000      90,000   $110,000

April           $480,000          288,000         300,000      96,000     112,500

May           $500,000          300,000         306,000     100,000    120,000

June          $510,000         306,000                             102,000    125,000

b) Florida Curtain Works can prepare its budget for the next year by estimating the cost of goods to be sold, the purchases and payments for Fabric during the month based on trade terms, and the wages and other expenses to incur.  The budget helps its management to plan, prepare, exert efforts toward achieving the set targets, and analyze actual performance against budget.

The Fama-French 3 factor model contains... Group of answer choices market, momentum, and liquidity risk factors none of the answers market, size, and momentum risk factors market, size, and volatility risk factors

Answers

Complete Question:

The Fama-French 3 factor model contains

Group of answer choices

A. Market, Momentum and Liquidity Risk Factors

B. None of the answers

C. Market, Size and Momentum risk factors

D. Market, Size and Volatility Risk Factors

Answer:

Hence option is none of these.

Explanation:

The Fama French 3 Model contains following three factors:

Size of FirmsBook-to-Market Values which is Value RiskExcess Return on the Market which is Market Risk

It doesn't include Liquidity risk and Momentum risk factors.

Hence none of the option is correct so we will choose "None of the answers".

The budgeted conversion costs for a just-in-time cell are $244,720 for 3,800 production hours. Each unit produced by the cell requires 45 minutes of cell process time. During the month, 2,100 units are manufactured in the cell. The estimated materials cost is $50 per unit. What would be the journal entry to record the materials purchased on account to produce 2,200 units

Answers

Answer:  Debit to Raw and In Process Inventory $ 110,000

Credit to Accounts Payable $ 110,000  

Explanation:

Budgeted Conversion Cost  = $ 244,720      

Total Production hours = 3,800 hours      

Material cost per unit = $ 50 per unit

Material purchase for 2,200units (50 x 2,200) = $ 110,000    

Journal to record  purchase of raw material for 2200 units at $50

Accounts title and explanation      Debit                 Credit    

Raw and In process Inventory        $ 110,000      

Accounts Payable                                                             $110,000  

The Herfindahl-Hirschman Index (HHI) is a mathematical approach to understanding market concentration that provides a single concentration indicator. What is the HHI for an industry characterized by the below noted data?Firm 1 has a market share of 40%Firm 2 has a market share of 20%Firm 3 has a market share of 15%Firm 4 has a market share of 15%Firm 5 has a market share of 10%HHI=___

Answers

Answer:

2550

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

40² + 20² + 15² + 15² + 10² = 1600 + 400 + 225 + 225 + 100 = 2550

Alexander has been accepted as a freshman at a college two hundred miles from his home for the fall semester. Alexander's wealthy uncle, Michael, decides to give Alexander a car for Christmas. In November, Michael makes a contract with Jackson Auto Sales to purchase a new car for $18,000 to be delivered to Alexander just before the Christmas holidays, in mid-December. The title to the car is to be in Alexander's name. Michael pays the full purchase price, calls Alexander and tells him about the gift, and takes off for a six-month vacation in Europe. Is Alexander an intended third party beneficiary of the contract between Michael and Jackson Auto Sales

Answers

Answer:

Yes.  

Alexander is an intended third party beneficiary of the contract between Michael and Jackson Auto Sales.

Explanation:

In the law of contracts, Alexander becomes a third-party beneficiary of the contract between Michael and Jackson Auto Sales, and he has the right to sue in the contract notwithstanding that he was not an active party to the contract.  Some of the factors that may be present to show that a Alexander is an intended beneficiary are: (1) the contract's performance is rendered directly to Alexander; (2) Alexander has rights to control the details of the performance; or (3) there is an express designation in the contract, e.g. the title to the car is in Alexander's name.

A corporation is attempting to sell additional shares to its existing shareholders through a rights distribution. A shareholder who wishes to subscribe must send the purchase amount with the rights certificate to the:

Answers

Answer:

Right agent.

Explanation:

A rights agent is said to be a correlative junction, serve and also seen to be an obedient mediator and right assistance between his client and any form of third party organisation or also other clients. A right agent is sometimes seen to be reliable to a principal when he/she acts without actual authority, but with apparent authority. He is also held responsible for indemnify and also principal loss or damage resulting from his/her act. He is also keen and careful in his advise and dealing on behalf of his client is he owes certain contractual duties to his/her agent as he protect him also from wrong claims, expenses that are not worthwhile, liabilities etc.

a project will produce cash inflows of 5400 a year for 3 years with a final cash inflow of 2400 in year 4. The projects initial cost is 13400. what is the net present value if the required rate of return is 14.2 percent?

Answers

Answer:

NPV = $505.9242271 rounded off to $505.92

Explanation:

The NPV or net present value is an important metric that is used for project and investment evaluation. The NPV is the present value of the series of cash flows provided by the project less the initial cost incurred to undertake the project. NPV can be calculated as follows,

NPV = CF1 / (1+r)  +  CF2 / (1+r)^2  +  ....  +  CFn / (1+r)^n - Initial cost

Where,

CF1, CF2 and so on represents the cash flow in year 1 , cash flow in year 2 and so onr represents the required rate of return

NPV = 5400 / (1+0.142)  +  5400 / (1+0.142)^2   +  5400/ (1+0.142)^3  +  

2400 / (1+0.142)^4   -  13400

NPV = $505.9242271 rounded off to $505.92

n the process of performance appraisal, _____ occurs when assessors rate all workers as average. a. halo error b. central tendency error c. similar-to-me error d. leniency error

Answers

Answer:

b. central tendency error

Explanation:

Central tendency error is the error in which the rater propensity could place the most items on the middle side of the rating scale. In this the employer puts the employees based on the performance i.e it varies from 4 to 7, 8 to 10, 1 to 3, etc

Therefore in the given situation, when the rate of assessors determined the rate for all workers as an average so the central tendency occurs

Hence, the correct option is b.

Rank the following investments from lowest to highest, for overall historical returns experienced by investors over long periods of time:

a. Treasury Bills
b. AAA Rated Corporate Bonds
c. Common Stocks

Answers

Answer:

Treasury BillsAAA Rated Corporate BondsCommon Stocks

Explanation:

Treasury Bills are considered risk-less investments. As a result the interest rate will not be adjusted for risk and will be relatively low compared to other securities. It will give the lowest return overtime here.

AAA Rated Corporate Bonds are the highest rated Corporate bonds there are. Even still, they will pay an interest rate that has a little risk premium in it which will make its returns overtime higher than a T-bill.

Common Stocks will provide the highest rate of return overtime on average simply because as well as the dividend payments that are paid to holders, the stock also has a chance of rising in value overtime which will give the holder a Capital gain as well. Something that the other 2 investments cannot give.

An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $50. If the semiannual market rate of interest is 6%, what is the current market value of the bond

Answers

Answer:

The answer is $862.35

Explanation:

Explanation:

This is a semiannual paying coupon, meaning interest are paid twice in year.

N(Number of periods) = 30periods ( 15 years x 2)

I/Y(Yield to maturity) = 6 percent

PV(present value or market price) = ?

PMT( coupon payment) = $50

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

N= 30; I/Y = 6; PMT = 50; FV= $1,000; CPT PV= -862.35

Therefore, the market price of the bond is $862.35.

Previous Question Question 5 of 20 Next Question Which of the following items represents the net income/(loss) for the year? The difference between the revenues/gains and expenses/losses. The difference between the cash receipts and payments. The difference between the funds raised by stock issuance and the dividends paid. The difference between the net increase in assets and in liabilities.

Answers

Answer:

Option A. The difference between the revenues/gains and expenses/losses

Explanation:

The net income of an organization is the net value received by taking the difference of all the income earned and the losses borned by the organization.

Mathematically,

Net Income = Revenue  -  Expenses

It can be also calculated as under:

Net Income = Gains  -  Losses

Dog Up! Franks is looking at a new sausage system with an initial cost of $445,000 that will last for five years. The fixed asset will qualify for 100 percent bonus depreciation in the first year, at the end of which the sausage system can be scrapped for $53,000. The sausage system will save the firm $139,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $25,000. If the tax rate is 23 percent and the discount rate is 11 percent, what is the NPV of this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

The NPV of this project is $494,385.54.

Explanation:

Note: See the attached excel file for the calculation of the NPV.

Net present value (NPV) of project refers to the the difference between the project's present value of its cash cash inflows and the present value of of its cash outflows over a specific period of time.

Since inflow is positive and outflow is negative, NPV can also be calculated by just sum of both the inflows and outflows.

The NPV of this project $494,385.54.

A 70-year old client wants to invest in U.S. Treasury securities. When performing the suitability determination, the client informs the registered representative that he is looking for after-tax income, liquidity, and to avoid market risk. The registered representative should be LEAST concerned with the:

Answers

Answer: client's age

Explanation:

From the question, we are informed that a 70-year old client wants to invest in U.S. Treasury securities and that when performing the suitability determination, the client informs the registered representative that he is looking for after-tax income, liquidity, and to avoid market risk.

The client's age should be the least the registered representative should be concerned about. Rather, the representative should be concerned with the coupon of the recommended treasury securities and the tax bracket of the client for tax purposes.

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 15 % 32 % Bond fund (B) 9 % 23 % The correlation between the fund returns is 0.15. What is the Sharpe ratio of the best feasible CAL?

Answers

Answer:

0.296875

Explanation:

Given the following :

Probability distribution of risky funds :

- - - - - - - - - - - - - - stock fund(S) - - bond fund(B)

Expected return - - - 15% - - - - - - - - - - 9%

Std - - - - - - - - - - - - - 32% - - - - - - - - - - 23%

Correlation between funds return = 0.15

Sure rate = 5.5%

To calculate the Sharpe ratio we use the formula :

Sharpe Ratio = (Expected Return of Investment - Risk Free Rate) / Standard Deviation of excess return of investment

For the stock fund :

Expected return = 15%

Risk free rate = market sure rate = 5.5%

Standard deviation = 32%

Sharpe ratio of stock fund :

(15% - 5.5%) / 32%

= 9.5% / 32%

= 0.296875

For Bond fund :

Expected return = 9%

Risk free rate = market sure rate = 5.5%

Standard deviation = 23%

Sharpe ratio of bond fund :

(9% - 5.5%) / 23%

= 3.5% / 23%

= 0.1521739

Therefore the Sharpe ratio of the best feasible CAL is the higher of the two ratios which is 0.296875

A benefactor promises to donate $30,000 to his church toward the purchase of a new piano if the church is able to raise matching funds of $30,000 from other contributors. At what point should the church record revenue

Answers

Answer:

When the matching funds are raised.

Explanation:

Since in the question it is mentioned that a benefactor vow to denote $30,000 for his church in order to buy the piano but the church should capable to increase the matching fund for $30,000 from other contributors

So at the time of recording the revenue by the church when there is a raise in the matching fund otherwise, it would not be recorded

Therefore the last option is correct

Gilley Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 10% convertible bonds outstanding during 2015. The preferred stock is convertible into 40,000 shares of common stock. During 2015, Gilley paid dividends of $.90 per share on the common stock and $3.00 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2015 was $600,000 and the income tax rate was 30%.

Diluted earnings per share for 2015 is:_____________ (rounded to the nearest penny)

Answers

Answer:

Gilley Co.

Diluted earnings per share for 2015 is:_____________ $1.68

Explanation:

a) Data and Calculations:

Number of common stock shares = 200,000

Number of convertible preferred = 40,000

Number of convertible bonds = 45,000 ($1,000,000/$1,000 x 45)

Total shares = 285,000

Earnings = $600,000

Income tax  (180,000)

Net Income $420,000

Plus preferred dividend = $60,000

Adjusted net income = $480,000

EPS = $480,000/285,000

= $1.68

b) After deducting income tax expense to arrive at the income after tax, then add the dividends of preferred stockholders before arriving at the adjusted net income for computing the earnings per share.

Brian purchased two automobiles for personal use. Automobile 1 had an adjusted basis of $20,000, and automobile 2 had an adjusted basis of $10,000. In the current year, Brian sold automobile 1 for $15,000 and automobile 2 for $15,000. What gain or loss should Brian recognize on the sales of the automobiles g

Answers

Answer:

Automobile 1, Loss of $5,000

Automobile 2, Gain of $5,000

Explanation:

Calculation of gain or losses on sale of Automobile 1

Sale value of Automobile 1                  $15,000

Less: Adjusted Basis of Automobile 1 $20,000

Loss on sale of Automobile 1              $5,000

Calculation of gain or losses on sale of Automobile 2

Sale value of Automobile 2                     $15,000

Less: Adjusted Basis of Automobile 2    $10,000

Gain on sale of Automobile 2                 $5,000

You purchased a machine for $1.19 million three years ago and have been applying​ straight-line depreciation to zero for a​ seven-year life. Your tax rate is 40%. If you sell the machine today​ (after three years of​ depreciation) for $724,000​, what is your incremental cash flow from selling the​ machine?

Answers

Answer:

The incremental cash flow is $706,400

Explanation:

Calculation of Depreciation for 3 years

Depreciation = Cost / Useful years

= $1,190,000/7

= $170,000

Depreciation up to 3 years = $170,000 * 3

= $510,000

Calculation of Book value

Book value = Cost - Deprciation up to 3 years

= $1,190,000-$510,000

= $680,000

Profit on sale of assets = Sales value - Book value

= $724,000​ - $680,000

= $44,000

Incremental Cash flow = Sales value - (Profit on sales of asset * Tax rate)

= $724,000 - $44,000 * 40%

= $724,000 - $17,600

= $706,400

Therefore, the incremental cash flow is $706,400

The currency drain ratio is 0.5 of deposits and the​ banks' reserve ratio is 0.4. What is the money​ multiplier?

Answers

Answer: 1.67

Explanation:

From the question, we are informed that the currency drain ratio is 0.5 of deposits and the​ banks' reserve ratio is 0.4.

The money​ multiplier is calculated as:

(1 + the currency drain ratio)/( the reserve ratio + the currency drain ratio)

= (1 + 0.5)/(0.5 + 0.4)

= 1.5/0.9

= 1.67

Therefore, the money multiplier will be 1.67.

Bland Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2003, and charged the $4,200 premium to Insurance expense. At its December 31, 2003, year-end, Bland Foods would record which of the following adjusting entries?A) Insurance expense 875 Prepaid insurance 875
B) Prepaid insurance 875 Insurance expense 875
C) Insurance expense 875
Prepaid insurance 3,325
Insurance payable 4,200
D) Prepaid insurance 3,325
Insurance expense 3,325

Answers

Answer:

D) Prepaid insurance 3,325

Insurance expense 3,325

Explanation:

insurance cost per month = $4,200 / 24 months = $175 per month

August, September, October, November and December = 5 months = $875

$4,200 - $875 = $3,325

The correct journal entries should have been:

August 1, 2003, purchased 2 year insurance policy

Dr Prepaid insurance 4,200

    Cr Cash 4,200

December 31, 2003, accrued insurance expense

Dr Insurance expense 875

    Cr Prepaid insurance 875

But, since the purchase was incorrectly journalized as:

Dr Insurance expense 4,200

    Cr Cash 4,200

the adjusting entry must be:

Dr Prepaid insurance 3,325

    Cr insurance expense 3,325

Excellent Manufacturers Inc. has a current production level of​ 20,000 units per month. Unit costs at this level​ are: Direct materials ​$0.26 Direct labor 0.40 Variable overhead 0.16 Fixed overhead 0.21 Marketing − fixed 0.25 ​Marketing/distribution − variable 0.42 Current monthly sales are​ 18,000 units. Jax Company has contacted Excellent about purchasing​ 1,550 units at​ $2.00 each. Current sales would NOT be affected by the one−time−only special​ order, and variable​ marketing/distribution costs would NOT be incurred on the special order. What is Ratzlaff​ Company's change in operating profits if the special order is​ accepted?

Answers

Answer:

The increase in operating profit is $1,829.00.

Explanation:

The rise or fall in the operating income:

= Purchase unit × ( offer price- direct material- direct labor- variable overhead)

The rise or fall in the operating income: = 1550× (2 - 0.26 - 0.4 - 0.16)

The rise or fall in the operating income: = $1829

Therefore the profit will increase by $1829

Here all the fixed cost is not considered because it is a sunk cost and variable and administrative expenses are also not considered because these costs are not going to be incurred for offer.

write at list 4 point about book and account​

Answers

Explanation:

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process.

Computing absorption cost per unit and variable cost per unit Adamson, Inc. has the following cost data for Product X:

Direct materials $41 per unit
Direct labor 57 per unit
Variable manufacturing overhead 7 per unit
Fixed manufacturing overhead 20,000 per year

Required:
Calculate the unit product cost using absorption costing and variable costing when production is 2,000 units, 2,500 units, and 5,000 units.

Answers

Answer:

unit cost for 2,000 units=$115

unit cost for 2,500 units =$113

unit cost for 5,000 units= $109

Explanation:

Absorption costing is method of costing where overheads are charged to units produced using volume-based bases. e.g machine hours, labour hours e.t.c. Units are valued using full cost per unit

Full cost per unit= Direct material cost + direct labor cost  + Variable production overhead + Fixed production overhead

Fixed production overhead = Budgeted overhead/Budgeted production units

unit cost for 2,000 units

unit cost = 41 + 57 + 7 + (20,000/2000) = $115

unit cost for 2,500 units

unit cost = 41 + 57 + 7 + (20,000/2,500)= $113

unit cost for 5,000 units

unit cost = 41 + 57 + 7 + (20,000/5,000) = $109

unit cost for 2,000 units=$115

unit cost for 2,500 units =$113

unit cost for 5,000 units= $109

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